000			00933cab a2200241 4500
001			WB2805-75
008			090401t1992 xxu||||| |||| 00| 0 eng d
035			_a(Sirsi) u20185
041			_aeng
245			_aLease a wasting asset
260			_c1992
350			_a0
490			_aTimes _v28 January 1992, LT11(1)
520			_aIn "Lewis v Walters (Inspector of Taxes)", ChD 15 January 1992, it was held that for the purposes of computing capital gains tax liability on the sale of a residential property, a lease having less than 50 years to run was to be treated as a wasting asset even though the tenant had an option to extend the term under the provisions of Law Reform Act 1967.
650			_aCAPITAL GAINS TAX ACT 1979 SCHED 3
650			_aCAPITAL GAINS TAX
650			_aLAW REFORM ACT 1967
650			_aLEASES
650			_aWASTING ASSETS
690			_aTAXATION-CASE LAW
942			_n0
948			_c04/03/1997
999			_c13527 _d13527